Company intelligence
As of September 30, 2025, Vercel was last valued at $9.3B (September 2025 Series F) and has raised at least $700M in equity across 3 sourced funding rounds.
Vercel is the frontend cloud and creator of Next.js, now positioning itself as an "AI Cloud" for deploying AI-generated apps (its v0 product); it closed a $300M Series F in September 2025 at a $9.3B valuation, nearly tripling its May 2024 mark.
Vercel describes itself as "agentic infrastructure for every app and agent," providing developer tools and cloud infrastructure to build, scale and secure websites and applications.[1] Vercel says the Next.js web framework was downloaded over 500 million times in the 12 months to September 2025.[2] Vercel also offers v0, a vibe-coding tool for creating websites and apps, which Tech Funding News reported had reached 3.5 million individual users in October 2025.[3],[4] Vercel says its AI SDK crossed 3 million weekly downloads by September 2025.[2] Vercel CEO Guillermo Rauch said in April 2026 that 30% of the apps running on the platform came from AI agents, as reported by TechCrunch.[3]
Vercel's platform is used by Anthropic and OpenAI as well as PayPal, Square, WPP and Nike, according to Tech Funding News (Oct 2025).[4] Vercel's annual recurring revenue grew from $100 million at the beginning of 2024 to a run rate of $340 million by the end of February 2026, reported by TechCrunch citing The Information and Forbes.[3] At the time of its September 2025 Series F, Vercel's revenue was up 82% year on year and its user growth was doubling, according to Tech Funding News.[4]
Is something wrong on this page?
Vercel is a developer tools company, based in San Francisco, California, USA, founded 2015 by Guillermo Rauch.
| Date | Round | Amount | Valuation | Lead investors | Source |
|---|---|---|---|---|---|
| Sep 30, 2025 | Series F | $300M | $9.3Bpost-money | WithBlackRockunverifiedStepStone GroupunverifiedKhosla VenturesunverifiedSchrodersunverifiedAdams Street PartnersunverifiedGeneral CatalystunverifiedGoogle Ventures (GV)unverifiedSalesforce VenturesunverifiedTiger Global Managementunverified | Vercel |
| May 16, 2024 | Series E | $250M | $3.25Bpost-money | Accelunverified | SiliconANGLE |
| Nov 23, 2021 | Series D | $150M | $2.5Bpost-money | GGV Capitalunverified WithAccelunverifiedBedrock CapitalunverifiedCRVunverifiedGeodesic CapitalunverifiedGreenoaksunverifiedGoogle Ventures (GV)unverified8VCunverifiedSalesforce VenturesunverifiedSV AngelunverifiedTiger Global ManagementunverifiedFlex CapitalLatacora | Vercel |
| Jun 2021 | Series Cnot counted: no linked source | $102M | $1.1Bpost-money | — | Value Add Pulse research |
| Dec 2020 | Series Bnot counted: no linked source | $40M | — | — | Value Add Pulse research |
| Apr 2020 | Series Anot counted: no linked source | $21M | — | — | Value Add Pulse research |
Equity only. “Equity raised” above sums the rounds with a dated, linked source; rumored rounds, tender offers and secondary sales are listed but not counted, and debt financing is listed separately.
| Date | Event | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| Jul 7, 2026 | acquisition | — | — | Vercel |
On Nov 23, 2021, Vercel announced a $150 million Series D at a valuation of over $2.5 billion, led by GGV Capital with participation from existing investors including Accel, Bedrock Capital, CRV, Geodesic Capital, Greenoaks Capital, GV, 8VC, Salesforce Ventures, SV Angel and Tiger Global.[5] Vercel said the Series D brought its total funding raised to $313M as of November 2021.[5] In May 2024, Vercel raised a $250 million Series E at a $3.25 billion valuation led by Accel, with participation from GV and CRV, as reported by Reuters and SiliconANGLE.[6] On Sep 30, 2025, Vercel announced a $300M Series F co-led by Accel and GIC that valued the company at $9.3 billion.[2] BlackRock, StepStone, Khosla Ventures, Schroders, Adams Street Partners and General Catalyst joined the Vercel Series F, with existing backers GV, Salesforce Ventures and Tiger Global participating, according to Tech Funding News (Oct 2025).[4] Alongside the Series F, Vercel launched a tender offer of about $300M for certain early investors, employees and former employees (Sep 2025).[2]
| As of | Value | Method | Source |
|---|---|---|---|
| Sep 30, 2025 | $9.3B | Reported | Pulse2 (BusinessWire release)Also reported by Vercel, Wikipedia |
| May 2024 | $3.2B | Reported | Pulse2 (BusinessWire release) |
| May 2024 | $3.25B | Reported | Vercel |
| Nov 23, 2021 | $2.5B | Derived | Vercel |
Open-weight AI models processed more than 7 in 10 tokens on Vercel's AI Gateway in September, up from a minority share in June, as spending on them more than quadrupled.
TypeSafe AI's Jev decision model reached 35% of paid Vercel teams within two weeks of its production rollout, Vercel's fastest model adoption on record, weeks after TypeSafe AI raised an $870M Series A at a $7.5B valuation.
Paper closed a $34 million Series A to build a design platform where designers and AI coding agents share the same canvas, with customers including Ramp, Vercel, and Lovable.
Vercel was valued at $9.3 billion in its $300M Series F in September 2025, up from $3.25 billion at its May 2024 Series E.[2],[6] TechCrunch reported in April 2026 that $9.3 billion was still Vercel's last valuation.[3]
Vercel's annual recurring revenue reached a run rate of $340 million by the end of February 2026, up from $100 million at the beginning of 2024, reported by TechCrunch citing Forbes and The Information.[3]
Vercel's Series F in September 2025 was co-led by Accel and GIC, with BlackRock, StepStone, Khosla Ventures, Schroders, Adams Street Partners, General Catalyst, GV, Salesforce Ventures and Tiger Global participating.[2],[4] Accel also led Vercel's May 2024 Series E, and GGV Capital led its November 2021 Series D.[6],[5]
Vercel is privately held and backed by venture investors including Accel, GIC and GGV Capital; its founder Guillermo Rauch is CEO.[2],[5],[4]
Vercel has not set an IPO date; in April 2026 CEO Guillermo Rauch said "there's no perfect timeline or quarter I can give" and that the company is getting more ready every day, reported by TechCrunch.[3] Vercel raised a private $300M Series F in September 2025, so it is privately held as of that date.[2]
Vercel provides developer tools and cloud infrastructure to build, scale and secure web apps and AI agents, and offers the v0 vibe-coding tool.[1],[3]
Vercel said its total funding reached $313M after its November 2021 Series D; it has since announced a $250 million Series E (May 2024) and a $300M Series F (September 2025).[5],[6],[2]
Vercel was founded in 2015 and is headquartered in San Francisco, California, USA, according to Wikipedia.
Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.
